Show:
General Knowledge
Definitions of Management Science
World War 2
True or False
100
What is quantitative management?
Primary focus is decision making through mathematical models for making decsions with a strong reliance on computers as inventory control and allocating resources.
100
What is the definition of mathematical forecasting?
Helps make future predicitions that are useful in the planning process.
100
Who used Quantitative Management in the WW2 which led to the halt of the German attack?
British
100
The goal is to have specific formulas that information can be plugged into to provide the best answer to common management questions.
True.
200
How quantitative management emerged?
Emerged to treat global warfare.
200
What is the definition of inventory modelling?
Helps control inventories by mathematically establishinghow much to order and when.
200
Give an example of the military problems that were addressed by QM.
logistics, strategic operations, and deployment of military resources
200
Quantitative Management emerged to advance industrialization during WW2.
False, emerged to advance warfare during WW2.
300
How does it help a company?
Company expenses may be lowerd, and promotional opportunities can arise.
300
What is the definition of linear programming?
It is used to calculate how to best allocate scarce resources amoung competing uses.
300
How is quantitative management used in the WW2?
It simplified scenarios of attack and counterattack through mathematical models they reduced tactical errors to stop the German attack.
300
Management Science is a term known as operations research and is often applied to describe the scientific application using scientific techniques to solve management related problems.
False, the scientific application using MATHEMATICAL techniques to solve mangement related problems.
400
What is the importance of technology in quantitative managment?
Technology is important in quantitative management because it makes checking inventory easier, and it's quicker to keep track of and analyze how much inventory is in stock.
400
What is the definition of queuing theory?
It helps allocate service personnel or workstations to minimize customer waiting time and service cost.
400
How did Q.M. affect the attacks in WW2?
The use of q.m. made the attacks more efficient. For Instance; calibrating artillery cannon to hit far away accurately.
400
Mathematical analyisis can be used to solve problems concerning aesthetic decisions and human behavior.
False, it can't solve aesthetic decisions and human behavior-due to it being a limitation of Q.M.
500
Where is quantitative managment used in business?
Quantitative management is used in business with mathematical forecasting, linear programming, networking models, and inventory modeling.
500
What is the definition of network models and simulations?
Network models break large tasks into smaller components to allow for better analysis, planning, and control of complex projects. Simulations create m,odels of problems so different solutions under various assumptions can be tested.
500
What Military Sections used q.m.? How did they apply it?
Naval Warfare; application and creation of new technologies; For Instance: sonar, radar and weapon trajectories
500
Risks of Q.M. Challenging to accurately and fairly evalvate employees potentially can keep their jobs, may lead to debt.
False, they would lose their jobs.